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Yea.. I won't be around for a RS.. I'm cuttin' my losses and saying goodbye to pennies. It's too damn hard to make a buck of these.. Tired of the BS.. I only traded these until I was allowed to purchase options (crawl, walk, run.. thanks ETARDE). Thankfully they approved it yesterday.. Time to bring logic back into the mix.
I'm sure he means they're attracting "private" investors.. Another way of saying they aren't direct shareholders.
My findings..
Andrew remains very timely in his responses. This fact makes it hard for me to classify Tesoro as another POS penny stock.
A couple of questions I knew he couldn't answer, but it was worth the gamble. However, I asked what course of action the company would take if volume remained light. He mentioned his and Tesoro's efforts in attracting a thousand of new investors monthly... This statement has me a little taken back.. Can you say convertible debentures?
The company re-instated the current restrictions they face in notifying shareholders before an acquisition is finalized.
I wasn't planning on finding anything hopeful. I basically used message to share my thoughts with their "dilution/financing" process. If anything, I hope my efforts made them see that diluting at .0003 with DOMS is only driving buyers away.
JMO~ GLTA~
DOMS...
I could be wrong since the market is closed, but I believe DOMS is sittin' with a "100k" lot at .0003 over the past few days. This with the obvious "financing" stage that Tesoro is going through has really killed the volume.
The dilutions I've experienced in the past have been fast.. Like ripping off a band-aid. This slow and painful dilution is killing me. I've contacted Andrew in hopes of clues regarding their plans. I'm sure he'll respond early tomorrow. I'll follow up w/ a post when I get some answers.
Good luck to all remaining TSNP "Shareholders"
Agree.. I added twice this week... 13.4 and 13.64 before the close on Friday. I can see this reaching 14.6 next week.. JMO
I got that same feeling with my interaction..
They obviously can't give inside info.. but I felt like they kept dropping bullish hints.. They responded to my first email immediately--it was a Saturday!
I like this trade going forward.. but remain cautious.
short covering... read my prior posts.
Yea.. I'm expecting a PR soon with this short covering.
Short covering at the ask...
I got 550,000 shares transferred today.. Only 800k in volume and it was all at .0003. I didn't think MM's would cover at the ask with all the doom and gloom on this board..
This slightly confirms my theory that dilution under .001 was exaggerated by naked shorting.. We will see.
Point made..
Again, the past is the past..
I've dealt with my share of dilutions..
Will there be a Pump/Dump in the future?
-Sure...
I'm not claiming this is a undervalued stock.. I'm not claiming this will go to even .002. I'm simply justifying why I am holding my position. I'm down 50% on TSNP. I've already factored in a 100% loss. I'm willing to bet this see's .0007's before R/S.
Ticker: TSNP
Did they PR this low volume dilution?
I don't care what happened in the past with a different symbol and a different share structure.
I contacted IR this weekend.. They expressed organic growth (no debt). They're financing using equities instead of leveraging growth.... The fact they didn't pump this stock first should be seen as a positive indicator... The email I received listed "capital raising" as the final stage before closing the deal. They are not allowed to issue a PR regarding the acquired business until the deal is finalized (Non-Disclosure Agreement).
The MM's are trying to lock the float.. it's very clear.. They're supporting the ask and haven't filled the bid in a while... I imagine they will continue this strategy until the company releases a PR.. I still have FTD's in my account from two weeks ago.. I always assume MM's know first.. The email I received justifies what I see in Lvl 2 quotes.
** This is strictly my opinion from what I've gathered. I suggest that all do their own DD.**
Full Disclosure: 10M owned (.0004-.0006)
I'll buy your shares..
That's what I'm waiting for.. Today was a good day.. with exception of some large sell blocks.. most of the action was at the ask.... I'll be adding on the upswing in the next couple days.
You may have something.
I just received an email from their investor relations department. I suggest anyone willing to get a feel for this company to do the same. I'm not allowed to copy and paste the email, but they responded in a timely matter and provided useful information.
GLTY
I totally agree...
Yea, I remember seeing it at 41m vol. in Lvl 2 quotes.. I started following another stock and noticed a 20m change in volume within a half hour... These two large orders were hidden because they want more at the .0002... The fact that they hid this order and supported the bid shows their intentions to accumulate more at current levels...
They'll push it to .0001 if people crowd their bids at .0002. This could be a boring play for Mon-Tues.. I'm sure they'll just wait to get orders filled.. This will go higher w/ either strong buying pressure or lack of interest.
I see two 10m blocks @.0003 time and sales... only 1M in volume reflected at the same time in the charts.. HRM..???
I'm guessing a large T-trade at the ask today... I see prints at .0003 w/ no volume. Hiding the buying are we? JMO GLTA
I know right!?... He's like super man.. pushin' our pps!
I literally just asked myself the same thing.
We must break that 4.07-4.1 barrier.. I'm sure we will with earnings next week.
I had this idea last night.. I was thinking what if this "dilution" was just naked shorting.. I found it odd that the company would dilute in blocks no greater than 3 million with prices being so low. The MM's got mad that retailers were sitting on the bid accumulating.. I mean jeez.. whose gonna buy from them!!!?
So they seized an opportunity by smacking it down... usually dilution begins immediately and doesn't stop.. but this "dilution" pauses and digests the market participants..
Obviously there are facts a dilution has occured, but I'm not convinced it's taking place under .001. I'm well aware that I could be wrong.. I'm just happy I held and have another opp. buy more.
don't dump on the bid and hit that ask... they'll move that fake wall.
Last run it smacked down to open the bollinger bands.. so it is possible. But that was before what we know now.. It'll be interesting.
Right.. What if the company simple wanted to expand the float?
-There was no PR. So financing was just a bonus. I won't get into all the reasons expand the float may be necessary.
I'm not too excited about this dilution either.. But.. I see many distinct difference between this stock and other Penny land crap. I hope dilution picks up tomorrow and get to .0001 as quickly as possible. GLTY
And what material evidence do have you suggesting a R/S... PDMI got diluted to .0001 a few weeks back.. I know because I was on the board and I bought at .0001. The price is now at .0003 and is holding .0002 support very solidly.. NO R/S
So unless you have material evidence that you can post on this board.. I suggest focusing on more practical ways to play this stock.
Again.. how does this relate to anything I've said in prior messages?
Don't feel bad.. I holding over a mill at the 5's... I bought a small lot at 4 today too. I won't be adding until this gets to the bottom either..
As for the dilution:
With this float they would have diluted the same amount of shares with the O/S being what it is.. Sure they could have raised more money by selling less. But it's hard to generate a business with no cash... especially a small business in today's environment. So a higher PPS with this company is unlikely. I having a feeling they will pound this all the way to the 1's and continue to pound the 1's... When they're done we should see 3's pretty easy.. an instant triple.
I'll be worried when I have something to worry about. Until then I'm still neutral. GLTY
How could it get any better?
- It can't go lower than .0001, right? $100 per mill with an instant double at .0002. Bring on the 1's!!!! GLTY
Did you reply to the wrong post... That statement didn't make sense.
Would you rather them dilute at a higher price!???.. See this as an opportunity to accumulate at the very bottom.
*Finally.. A poster with some actual intelligence. I'm waiting to accumulate millions at the bottom... I don't see shady business with this dilution. I'm glad there doing it now.. Make this as painless as possible then let it breath.
All the new traders on this board will be buying from smart money again when this runs.
Apparently not..
It's about risk.
These exchanges have listing requirements. Which is typically $1 per share(not sure about Amex). IMO, Bravada is not worth a $1 per share, yet. We are indeed waiting for financials... I know this brand has potential, but I'm not expecting a justified $1 per share after their first report (I've been wrong before). In a year.. sure this could be worth that..
But...
Anything can happen within' a year. No one can predict a fire, an illness, ect. I see the opportunity at these levels.. But have curbed my short-term expectations. I have a hard time seeing this for what it is--an investment. My cash will be waiting... there can still be value @ .50 PS.
When i say "promoter" I mean news letters.. I don't see clay trader as pump/dumper.
Yea, today proved there are alot of eyes watching this stock. I could be wrong, but I don't think there has ever been that much selling on the 5. I worry of a 6 wall being formed. I personally don't care if this slowly goes down to .0001.
I see real bullish R/M signs.
1. How much more expensive would this be to the acquiring company if they got a float w/ 1.5B authorized and only 500M outstanding.
~wouldn't a dilution after acquiring the float allow this to pay for itself?
2. I think this dilution enables the owner ask for less.
3.No reputable damage to the shell during this dilution. Low volume.. No PR.
JMO
To say penny land is risky is an understatement.
I've followed Bravada for about 3 mo's. I've done my DD, and listened to the Cc's. DA has sold me on Bravada.
But there is always a catch
The volume on this stock is a joke. Bravada is not a secret. This company has proven it exists.. there no pump/dump on currently (I'm aware of the past). People stay away because of the manipulation.
With that said.
I'm glad DA's focus is on the brand. Everything will iron itself out at some point. Until then, I'll go buy some Treasuries. :D
".013 is better than .01. Count your blessings."
No not really.. I own a modest 10,000 shares of Bravada.. I'd own 500k easily if MM and/or 3rd parties weren't pulling this BS..
And I know... "Someday..."
I don't live for "Someday"
I'll get excited when I see this at half a % of fair value.
Time and again.. Bravada releases great news with no price action. Until then.. lets hope the person manipulating this stock dies.
That'd be Bullish news!
That's known by most.. I wonder if this has anything to do with the R/M rumor.
I'm no expert in R/M's, but IMO it makes sense to dilute more shares if I owned the shell. This way the shell owner can make money off the dilution and increase the likely hood of an actual takeover. It seems that a shell w/ a low float and low outstanding would come at a higher price tag. I feel this makes it a more attractive R/M play..
This is just my take.. I wouldn't be surprised if I were way off.
Oh well.. I'd rather them dilute at these levels anyway.. I saw a few suspicious large sells (3m) at the end of the day. I had a feeling this was the case.
I've never seen this promoted and dilution is light and at the lower end of the spectrum. I don't understand why Nite and Etmm held the .0005 so strong at the end of the day. You'd think they'd catch wind of a dilution.
Another thing I don't understand is why my 4 order wasn't displayed when Etmm was at the .0001. I use Etrade and got an order filled at the open @ 5. This lot was displayed.